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SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

The decrease in economic gross margin in the East region was driven by:
 
(In millions)
Lower gross margin due to a 27% decrease in coal generation as a result of prior year winter weather conditions and plant deactivations
$
(324
)
Lower gross margin driven by a 7% decrease in PJM cleared auction capacity volumes primarily from unit deactivations, coupled with increased purchased capacity, partially offset by a 4% increase in PJM cleared auction capacity prices
(60
)
Changes in commercial optimization activities
(34
)
Lower gross margin due to market adjustments for fuel oil inventory
(8
)
Higher gross margin due to the EME acquisition in April 2014
121

Higher gross margin for gas facilities due to a decrease in natural gas prices, partially offset by a 6% decrease in average realized energy prices, which reflect the impact of beneficial hedges
55

Higher gross margin due to new load contracts starting in June 2014 and lower supply cost
50

Higher gross margin primarily driven by a 9% increase in New York and New England hedged capacity prices offset by purchased capacity
29

Other
10

 
$
(161
)

The decrease in economic gross margin in the West region was driven by:
 
(In millions)
Lower capacity gross margin due to a 17% decrease in price as a result of higher reserve margins driven by more competition in certain areas and the expiration of certain tolling arrangements, which were replaced with lower priced agreements
$
(43
)
Lower gross margin due to the retirement of Coolwater
(21
)
Higher energy gross margin due to a 15% increase in volume driven by more available generation resulting from the expiration of certain tolling arrangements and a 39% decrease in gas prices, partially offset by a 27% decrease in energy prices
11

Higher gross margin due to the EME acquisition
8

Other
3

 
$
(42
)
The increase in B2B economic gross margin was driven by:
 
(In millions)
Higher gross margin for the C&I business in 2015 due to higher supply costs incurred in early 2014 as a result of prior year winter weather conditions and lower supply costs in 2015 driven by lower natural gas prices
$
17

Higher margin for the energy services business due to new contracts and new business
4

Lower gross margin from a decrease in customer usage due to customer mix
(3
)
Other
(1
)
 
$
17


70